Brief Overview of the AFR
The purpose of the U.S. General Services Administration's (GSA) fiscal year (FY) 2021 Agency Financial Report (AFR) is to inform the President, Congress, and the American people how GSA used Federal resources in FY 2021 to reliably deliver cost-effective real estate, acquisition, and technology services to partner agencies and the public. Providing these services at a good value to customers allows them to focus their resources on meeting their core missions. GSA produced both an AFR and an Annual Performance Report (APR) for FY 2021 and will post both reports on GSA.gov under Annual Reports.
This AFR provides high-level financial analysis and highlighted performance results through assessments of controls, a summary of challenges, and GSA stewardship information. The report is prepared in line with various laws applicable to Federal financial reporting and guidance issued by the Office of Management and Budget (OMB). The primary laws and guidance include:
- Chief Financial Officers Act of 1990
- Federal Managers Financial Integrity Act of 1982
- Federal Financial Management Improvement Act of 1996
- Government Management Reform Act of 1994
- Reports Consolidation Act of 2000
- OMB Circular A-11, Preparation, Submission and Execution of the Budget
- OMB Circular No. A-123, Management's Responsibility for Enterprise Risk Management and Internal Control; and
- OMB Circular No. A-136, Financial Reporting Requirements
The Annual Performance Report is a detailed report on GSA's progress toward achieving the goals and objectives described in the agency's Strategic Plan [PDF - 2 MB] and Annual Performance Plan [PDF - 2 MB], including progress on the strategic objectives, performance goals, and agency priority goals. The APR will be delivered to Congress with GSA's Congressional Budget Justification.
How this Report is Organized
This AFR provides financial and performance information for the fiscal year beginning October 1, 2020, and ending on September 30, 2021, with comparative prior year data, where appropriate. The report begins with a message from GSA's Administrator, Robin Carnahan, followed by three main sections: